24 February 2008
Democrats erase red ink
The AP is reporting that the state Democratic Party, mired in debt in recent years, is now back in the black:
"We are now debt-free," state Democratic Party chairman Ivan Holmes said at the party's annual convention in Oklahoma City.
Holmes said the party climbed out of debt by adding about 90 new members to its "Rooster Club," signifying a donation of $1,000 apiece. That club had 17 or 18 members last year, but now has 109, Holmes said.
Three years ago, the party was nearly half a million dollars in the hole; in addition to finding new donors, they've cut expenses markedly, and to help matters, Holmes is drawing no salary.Posted at 8:31 PM to Political Science Fiction , Soonerland